CNBC Senior Editor Says Congress Will Pass Law Sanctioning Foreclosure Fraud As Banks Continue To Rob American Citizens
October 16, 2010 by Alex
The Intel Hub
As the foreclosure crisis deepens, the calls for criminal charges against the big banks have steadily mounted. The whole reason laws are created are to prosecute criminal acts such as those carried out by JP Morgan, Citigroup and Bank of America.
Apparently their are some who believe that Congress will actually pass a law sanctioning bank fraud. Senior CNBC editor John Carney has predicated that Congress will pass a bill in the lame duck session that would do just that:
Sorry Folks, The Put-Back Apocalypse Ain’t Gonna Happen
Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act……..
The put-back crisis is not driven by economics. It is driven by legal rights. And there’s simply zero probability that the politicians in Washington are going to let Bank of America or Citigroup or JP Morgan Chase fail because of a legal issue.
Its almost as if TPTB are putting forward this idea to gauge how the public would react to basically giving the go ahead on nation wide fraud. The major banks have funded both political parties to basically shill for their companies and pass unconstitutional laws that sanction scam after scam.
I can tell you right now! IF Congress Does pass something like this…. That then means LAWLESSNESS IS ALLOWED! That means ALL LEGAL CONTRACT CAN BE REWRITTEN AT ANY TIME TO FIT THOSE IN POWER! Sherrie Questioning All
Dylan Ratigan recently did a segment on his show that highlighted some of the illegal acts that could possibly become LEGAL.
Families have literally paid their bills on time and instead of taking money off their mortgage the banks have actually ADDED money to it. Other citizens have had their homes, which were NOT in foreclosure, actually broken into in an attempt to change the locks. We are witnessing the big banks blatantly robbing American citizen with little to no help from our Federal Government.
If CNBC and the Federal Government believe they can sanction mortgage fraud then they have another thing coming. The big banks have already robbed America for trillions of dollars and are deeply involved in the staged economic collapse of America.
Unfortunately this is all part of the stated goals of groups and private organizations such as the Federal Reserve and The Council on Foreign Relations.
To paraphrase White House Science Czar John P Holdren, ” We need to use the free market to de-develop America.”
As America citizens we need to demand that the money masters behind the banks are prosecuted for fraud and possibly even treason.